"We're very pleased to bring on ABC as a strategic advisor to help enhance our investor communications and broaden our capital markets outreach," said Henry Yu, Chairman and Chief Executive Officer of General Steel, "As we diligently work to complete our 2012 quarterly and annual filing requirements, we aim with ABC's help to regularly connect with our supportive shareholders and to further expand our capital markets audience."

John Chen, Chief Financial Officer of General Steel, added, "The team at ABC possesses strong expertise in financial analysis and deep knowledge of the U.S. capital markets. Such expertise and knowledge will help GSI better communicate with both institutional and individual investors and improve transparency. Prior to this appointment, ABC had in goodwill provided excellent support to our financial team in various internal projects, and we were quite impressed with ABC's demonstrated ability to quickly understand our business and identify key drivers to our financial model. We look forward to working closely with ABC, as we begin a new chapter in the Company's development."

About General Steel Holdings, Inc.

General Steel Holdings, Inc., headquartered in Beijing, China, produces a variety of steel products including rebar, high-speed wire and spiral-weld pipe. The Company has operations in China's Shaanxi and Guangdong provinces, Inner Mongolia Autonomous Region and Tianjin municipality with seven million metric tons of crude steel production capacity under management. For more information, please visit www.gshi-steel.com.

To be added to the General Steel email list to receive Company news, or to request a hard copy of the Company's Annual Report on Form 10-K, please send your request to generalsteel@asiabridgegroup.com.

About Asia Bridge Capital Limited

Founded by Wall Street veterans, Asia Bridge Capital Limited provides investor relations and capital markets advisory to China-based companies that plan to list or are listed on US stock exchanges. For more information on how ABC has earned a well-deserved reputation as experts in investor relations, financial communications, and crisis management, please visit www.asiabridgegroup.com.